My Trading > My Trading Journal > August 21, 2012

My Trading Journal

August 21, 2012

11:51 pm (PST)

ANN was up today 79 cents to 35.14 - not a big deal so far.

Yesterday, Facebook (FB) rebounded off it's low of 19 and gained 5% to 20 and had pretty strong day. It was a re-test of the break-thru of 20. Today, it traded back down near 19. So far, it has failed the test. This implies it will continue with it's short-term downtrend which I pointed out in my journal entry on August 19th. Here is an intra-day chart showing the breakdown and failed (so far) re-test of support.

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